1.Forced order closure system warning
XT platform monitors the change of assets in all loan accounts, calculates the risk rate of each asset change and order. When the risk rate of the user's loan account reaches 102.1%, the user's account triggers early warning and XT platform will send SMS and email reminders.
2.Loan account forced order closure
When the risk rate of the user's loan account reaches 101.6%, the user's XT account triggers a position forced order closure and the platform will notify the user according to the user's registered contact information.
3.Forced closure order
When the risk rate is lower than 101.6%, XT platform will restrict the user's transaction and cancel the current entrusted order, and the system will open the warehouse list under the open warehouse procedure until the loan assets and the outstanding interest are returned. The risk rate of the account is in a risk-free state after the exposure. If there is any remaining asset, it can be transferred out of the account.
